Common use of Conversion of Advances Clause in Contracts

Conversion of Advances. (a) The Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 A.M. (New York City time) on the third Business Day prior to the date of any proposed Conversion into Eurodollar Rate Advances and on the Business Day of any proposed Conversion into Base Rate Advances subject to the provisions of Section 2.18, Convert all Advances of one Type into Advances of another Type or Types or Advances of the same Type having the same or a new Interest Period; provided that no Advance shall be converted to a Eurodollar Rate Advance if any Event of Default shall have occurred and be continuing. Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted and (iii) if such Conversion is into, or with respect to Eurodollar Rate Advances, the duration of the Interest Period for each such Advance.

Conversion of Advances. (a) The Borrower Subject to subsections (c) and (d), below, the Company may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 A.M. (New York City time) on the third Business Day prior to the date of any the proposed Conversion into Eurodollar Rate Advances and on the Business Day of any proposed Conversion into Base Rate Advances subject to the provisions of Section 2.18Sections 3.08, 3.12 and 4.02, Convert all Advances of one Type resulting from the same Borrowing into Advances of another Type or, in the case of Eurodollar Rate Advances, select a new or Types or Advances of renew the same Type having the same or a new Interest PeriodPeriod for such Eurodollar Rate Advances; provided provided, however, that no Advance any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be converted to a made on, and only on, the last day of an Interest Period for such Eurodollar Rate Advance if any Event of Default shall have occurred and be continuingAdvances. Each such notice of a Conversion shall, within the restrictions specified above, shall specify (i) the date of such Conversion, (ii) the Advances to be Converted Converted, and (iii) if such Conversion is into, or with respect to to, Eurodollar Rate Advances, the duration of the Interest Period for each such AdvanceEurodollar Rate Advances.

Conversion of Advances. (a) The Borrower Subject to subsections (c) and (d) below, the Company may on any Business Day, upon notice given to the Administrative Agent not later than 11:00 A.M. (New York City time) on the third Business Day prior to the date of any the proposed Conversion into Eurodollar Rate Advances and on the Business Day of any proposed Conversion into Base Rate Advances subject to the provisions of Section 2.18Sections 3.08, 3.12 and 4.02, Convert all Advances of one Type resulting from the same Borrowing into Advances of another Type or, in the case of Eurodollar Rate Advances, select a new or Types or Advances of renew the same Type having the same or a new Interest PeriodPeriod for such Eurodollar Rate Advances; provided provided, however, that no Advance any Conversion of Eurodollar Rate Advances into Base Rate Advances shall be converted to a made on, and only on, the last day of an Interest Period for such Eurodollar Rate Advance if any Event of Default shall have occurred and be continuingAdvances. Each such notice of a Conversion shall, within the restrictions specified above, shall specify (i) the date of such Conversion, (ii) the Advances to be Converted Converted, and (iii) if such Conversion is into, or with respect to to, Eurodollar Rate Advances, the duration of the Interest Period for each such AdvanceEurodollar Rate Advances.